The joint company of Azerbaijan, Hungary, Georgia and Romania for laying the electric cable under the Black Sea will be located in Bucharest.

Axar.az reports that the information was released by the Ministry of Economy of Georgia.

"A meeting of the energy ministers of the countries participating in the Green Energy Corridor project took place in Tbilisi. Thus, the representatives of Azerbaijan, Bulgaria, Hungary and Georgia discussed the project of laying a cable line through the bottom of the Black Sea.

The parties discussed the establishment of a joint company of 4 countries and its location. At the current stage, Bucharest, the capital of Romania, is being considered," the information said.